HP merges computer and printer units

Hewlett-Packard on Tuesday said that it is combining its computer and printer units to free up more cash for innovation in the rapidly evolving technology market.HP will combine its Imaging and Printing Group and its Personal Systems Group (PSG) into an entity headed by Tom Bradley, who has been PSG executive vice president since 2005.HP declined to comment when asked whether the corporate reorganization would result in a cut in its work force."We have no specific announcements about changes to headcount at this time," an HP spokesman told AFP.

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will combine its lucrative printer and largely profitless personal computer units, according to a source familiar with the matter who confirmed a report from AllThingsD Tuesday. The new group will be led by Todd Bradley, who lead's HP's Personal Systems Group. Vyomeshi Joshi, who now leads HP's Imaging and Printing Group, will retire. Chief Executive ...

Hewlett-Packard (HPQ) reported strong earnings for the first quarter of its fiscal year 2014 (1QFY14) yesterday, beating the Street’s estimates. The personal-computer maker reported earnings per share (EPS) of $0.90 on revenues of $28.2 billion, higher than the analysts’ estimates of $0.84 for EPS on revenues of $27.2 billion.

Hewlett-Packard just reported earnings. It's another chance for Meg Whitman to show she's making actual progress on stopping the company's withering revenues. Earnings per share came in at $1.01 and net rev $29.1 billion. Expectations were modest to say the least. The Street wanted earnings of $1 per share, down almost 14% from the same quarter last year. They wanted revenue of $27.91 billion, down 7%.